Is It Time To Consider Buying Allegro MicroSystems, Inc. (NASDAQ:ALGM)? [Yahoo! Finance]
Allegro MicroSystems, Inc. (ALGM)
Company Research
Source: Yahoo! Finance
While Allegro MicroSystems, Inc. ( NASDAQ:ALGM ) might not have the largest market cap around , it received a lot of attention from a substantial price movement on the NASDAQGS over the last few months, increasing to US$33.15 at one point, and dropping to the lows of US$20.48. Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price. A question to answer is whether Allegro MicroSystems' current trading price of US$22.44 reflective of the actual value of the mid-cap? Or is it currently undervalued, providing us with the opportunity to buy? Let's take a look at Allegro MicroSystems's outlook and value based on the most recent financial data to see if there are any catalysts for a price change. What Is Allegro MicroSystems Worth? The stock seems fairly valued at the moment according to our valuation model. It's trading around 19% below our intrinsic value, which means if you buy Allegro MicroSystems today, you'd
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ALGM
News
- Allegro MicroSystems Down 30% YTD: How Should You Play the Stock? [Yahoo! Finance]Yahoo! Finance
- Allegro MicroSystems Introduces High-Bandwidth Current Sensors Incorporating XtremeSense™ TMR TechnologyGlobeNewswire
- UBS says Allegro MicroSystems poised for recovery, starts coverage with Buy rating [Seeking Alpha]Seeking Alpha
- Allegro MicroSystems, Inc. (NASDAQ: ALGM) is now covered by analysts at UBS Group AG. They set a "buy" rating and a $33.00 price target on the stock.MarketBeat
- Allegro MicroSystems, Inc. (NASDAQ:ALGM) is largely controlled by institutional shareholders who own 50% of the company [Yahoo! Finance]Yahoo! Finance
ALGM
Earnings
- 8/1/24 - Beat
ALGM
Sec Filings
- 9/3/24 - Form 4
- 8/12/24 - Form 8-K
- 8/9/24 - Form 4
- ALGM's page on the SEC website